Gsk Share Discussion Threads

[montyhedge] 15/6/2021 07:11

1550p if Walmsley says the right thing this time.

[montyhedge] 15/6/2021 05:13

I filtered the idiot years ago.

[alex1621] 14/6/2021 18:01

Marbella? Class. Do you hang out with Wayne Lineker?

[xxxxxy] 14/6/2021 16:22

Drug-making giant GlaxoSmithKline today announced a $2 billion tie-up with a US-based biotech to strengthen its lacklustre drugs pipeline in advance of a long-awaited corporate split.The group said the deal with Boston-based iTeos Therapeutics will place its pharma and vaccines arm at the forefront of research into next-generation treatment for a range of cancers.Under the deal, worth $625 million upfront with another $1.45 billion in milestone payments, the two companies will co-develop and market a monoclonal antibody which targets part of the immune system - known as checkpoint CD226 - to help the body fight tumours.It is the latest of more than 20 buy-ups and partnerships announced in the past 12 months as GSK shores up cancer and vaccine research, before cleaving its pharma and consumer divisions into two separate companies.The announcement follows a bruising weekend of briefings which saw insiders attempt to pin blame for GSK's "flat-footed" Covid-19 vaccine response - compared to that of FTSE 100 rival AstraZeneca - onto CEO Dame Emma Walmsley.Some shareholders say it has solidified doubts over whether Walmsley, who lacks a strong science background, should lead the new pharma company as planned.But her supporters respond that the £70 billion supertanker of a company she inherited in 2017 will take at least a decade to turn around, a process that is now apace after four years at the helm.Either way, there is pressure to impress investors - including famously aggressive US hedge fund Elliott Management which has built up a multibillion-pound stake - at a capital markets day on June 23, when details of next year's split will be formally unveiled.It will be its biggest restructuring since Glaxo Wellcome merged with SmithKline Beecham in 2000 to create the company in its present form.And with shares down around 15% over Walmsley's four-year tenure, much is riding on deals such as the one announced today.GSK said the tie-up will make it the only pharma company with access to antibodies that block all three known cancer checkpoints at the key CD226 axis.It already partners with genetic testing company 23andMe and Surface Oncology on the two others, CD96 and PVRIG.The TIGIT inhibitor being developed by iTeos - which went public on the Nasdaq last summer with a $200million valuation - completes the set.Researchers will deploy different combinations of treatments against the three targets, each of which can turn the immune system off and prevent it from fighting cancer, to evaluate their effectiveness against multiple cancers.GSK chief scientific officer Dr Hal Barron said immuno-oncology - the science of harnessing a patient's immune system to fight tumours - had transformed cancer care but less than 30 percent of patients respond to treatment with existing checkpoint inhibitors.He said: "Based on the underlying science, we believe that combinations of a PD-1, TIGIT, CD96 and PVRIG inhibitor could become transformative medicines for many patients with cancer."We are excited to collaborate with the team at iTeos and together we can play a leading role in the next generation of immuno-oncology therapies."The group, which employs 94,000, has had relatively few blockbuster launches of late and relies on its existing portfolio of products, of which 14 will lose their patents in the next decade.But latest analysis suggests there are more than 20 assets in its late-stage pipeline which could hit the market by 2026.Michel Detheux, president and CEO, iTeos said: "Through this transformative collaboration, iTeos now has access to GSK's best-in-class resources which will provide us with a significant advantage in a highly competitive, global market."Shares in iTeos shot up 50% in pre-market trading on the Nasdaq. Having risen and fallen sharply since the launch at $19 last July jumped 48.2% to $29.69c.GSK's share price continued their upward trajectory this month, up 7p or 0.5%, to 1410.4p..... Yahoo Finance

[geckotheglorious] 14/6/2021 15:07

Okay, own up....who put pen to paper and scribbled this..

Relatively undervalued – all eyes on 23rd Jun'21

Summary

Investors overwhelmed with dividend cut, spin off and no clarity on future strategy.
GSK is moving towards the right direction.
GSK is undervalued compared to peers.

All eyes on 23 June 2021 meeting where we will re-run our absolute valuation models.

[mcflies] 14/6/2021 13:23

It will be Dr Hal's team doing the due diligence. Emma will just be signing the cheques. Hopefully he knows what he is doing.

[meijiman] 14/6/2021 12:36

The thought of EW or whoever is running pharma/consumer going out on an 'acquisition spree' is a truly frightening prospect. Value destruction in spades would be guaranteed.

[alphorn] 14/6/2021 11:57

......a bigger balance sheet! ......ignore that. ;))

[abdullla] 14/6/2021 11:56

After paying 2.1 billion dollars what is GSK going to get out of it ?

[alphorn] 14/6/2021 11:34

These deals are always costly. In this case, an upfront payment of $625m plus up to an additional $1.45bn in milestone payments. In addition, GSK will pay royalties outside US and share US profits. As posted before I expect these payments will appear in the balance sheet, effectively a deferred cost.

(Observation only).

[whatsup32] 14/6/2021 11:26

GSK lines up cancer treatment with US biotech deal

[montyhedge] 14/6/2021 11:17

Very good rns today. That will be in the GSK Biopharma when they split.

[pierre oreilly] 14/6/2021 10:41

Monty, a couple of weeks ago you said Elliot was really nothing at all with zero effect. Make up your mind man, which is it?The short term here is all about Elliot increasing the price by various means. The lady experienced in expensive face cream who is unfortunately leading us and completely out of her depth will have to play to Elliott's tune, for a while at least. Hopefully, Elliot will arrange her removal.

[tradermichael] 14/6/2021 10:41

French ;0)

[alphorn] 14/6/2021 10:15

Bungling Sanofi. Really. ;)

[mcflies] 14/6/2021 09:31

I think she made a good decision in turning down the Oxford partnership. I am not sure Glaxo could have withstood the sort of attack levelled against AZ. And they would have been expected to deliver it at zero profit. The downside was too risky for an already weakened company. The BIG mistake she made was to team up with the bungling Sanofi to produce a vaccine.

[montyhedge] 14/6/2021 07:10

1550p new trading range coming if Walmsley says the right things, in February she balls it up. Now she geared up, fund managers have probably told her what they expect. Elliott the hedgie keeping a close eye on their couple of billion investment.They want to make a couple of pounds a share, not 10p.GSK Healthcare and GSK Biopharma exciting times ahead.

[notbitcoin] 13/6/2021 18:18

Toast to her them.

[gateside] 12/6/2021 15:17

hTTps://www.telegraph.co.uk/business/2021/06/12/glaxos-vaccine-failure-leaves-boss-emma-walmsley-battling-survival/

[grahamite2] 12/6/2021 11:18

Not perfect but at least it's not behind a firewall.

[whatsup32] 12/6/2021 07:58

The Times has an article on Glaxo, talking of Elliott and upcoming trading news

[spoole5] 11/6/2021 08:41

Paul singer?!

[gateside] 11/6/2021 08:30

Can somebody else speak for her on the 23rd please!